UAE's real estate sector

UAE's real estate sector will witness robust growth in 2023.

– Аccording to the forecast by the consulting company, JLL. The UAE has witnessed strong momentum in Q4 2022, signaling a steady growth pipeline in 2023. Planned handovers in 2023: Dubai – 41,000 residential units Abu Dhabi – 6,000 residential units

Abu Dhabi luxury property prices increased in 2022.

Аccording to a report by property portals, Bayut and Dubizzle, compared to 2021, prices per m² on Saadiyat Island:

• Villas rose by 12.7%
• Apartments rose by 13.2%

Last year, Aldar Properties' project with global hotel brand Nobu Hospitality was announced on Saadiyat Island.

Azizi Developments announced the 58% completion of Park Avenue I in Dubai.

MBR City The project features 372 residences, 29 retail units, pools and gyms. Earlier it was reported that the developer will invest $5.4 billion in a project in Dubai South.